Sure Shot Intraday Tips

Yesterday, at NCDEX future, the top gainers were Castor Seed for February contract (4.0%), Castor Seed for January contract (4.0%), Chilli for February contract (4.0%), Chilli for March contract (4.0%) and Coriander for January contract (4.0%)

The top losers at NCDEX future were Copper Cathode for April contract (-3.3%), Gur for January contract (-0.6%), Gold for April contract (-0.6%), Light Sweet Crude Oil for January contract (-0.4%) and Gold 100 Gms for January contract (-0.3%)

Yesterday, at MCX future, the top traded commodities in terms of quantity were Crude Oil for January contract with 91,856 lots, Copper for February contract with 64,233 lots, Natural gas for December contract with 31,520 lots, Silver M for February contract with 31,071 lots and Natural Gas for January contract with 27,147 lots.

On the domestic arena, at MCX, Crude Oil for January contract closed at Rs 4,142.00. Gold for February contract closed at Rs 20,514.00. Gold M for January contract closed at Rs 20,379.00. Silver for March contract closed at Rs 44,376.00. Natural Gas for December contract closed at Rs 180.80.

In the international market, Crude rose to trade near a two-year high in New York on speculation stockpiles declined in the U.S., the world’s biggest oil-consuming nation, and as the dollar extended losses. Crude for February contract increased as much as 34 cents, or 0.4 per cent, to USD 91.34 a barrel in electronic trading on the New York Mercantile Exchange. It was stood at USD 91.28 at 10:15 a.m. Singapore time. Yesterday, the contract lost 51 cents after reaching USD 91.88.

Gold advanced for a third day on speculation that the dollar’s retreat may boost demand for the precious metal as an alternative investment. Gold for immediate delivery increased by 0.2 per cent to USD 1,387.10 an ounce and was at USD 1,385.75 at 10:19 a.m. in Tokyo. Gold for February contract at the Comex in New York gained 0.3 per cent to USD 1,386.30 an ounce.

On the domestic front, the country is likely to see 2.92 per cent dip in coffee production for the crop year 2010-11. Coffee Board has forecasted post monsoon coffee crop at 2, 99,000 tonnes as against its post blossom estimate of 3, 08,000 tonnes.

Regards,
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